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In late June 2016, the FASB issued accounting guidance containing the most sweeping changes to nonprofit financial reporting since the early 1990s. Here’s how the changes will impact the financial reporting seen by nonprofit donors, grantors, creditors, boards and management.
As the implementation date for the new revenue recognition standard for nonpublic companies quickly approaches, the process of implementing the new standard needs to start now.
Come November, there will be initiatives voted upon that could change the fabric of property tax assessment and Prop. 13.
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